$PLAY Heavy Bearish Breakdown in Progress
PLAY has suffered a sharp -26% decline from the 24h high at 0.08107 down to 0.05926, with price even tapping the session low at 0.05206. This is not a simple pullback ... this is a structural breakdown after rejection near upper liquidity around 0.079–0.087.
Key bearish signals:
Clear lower high formation near 0.081
Strong sell volume expansion (235.61M PLAY traded)
Price trading below mid-range liquidity at 0.065–0.072
Failure to reclaim broken support zone
Immediate downside levels:
0.0577 (intraday support test)
0.0520 (24h low retest)
0.0503 zone (next liquidity pocket below range)
Unless PLAY reclaims 0.065 with strength and holds above it, rallies are likely to be corrective bounces rather than trend reversals. Momentum currently favors continuation toward lower support zones.
